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About Us

Smart Money Cymru Credit Union is an organisation that provides straight forward, affordable financial services to the people of Caerphilly, Blaenau Gwent and Newport.

What is a Credit Union?

A credit union is a financial co-operative owned and controlled by its members. Credit Unions offer a friendly, convenient and secure place to save with access to low cost loans. Each member of ‘Smart Money Cymru’ makes regular payments into their savings account - this fund then provides the basis for preferential rate loans. The income generated by lending helps us meet our operating expenses, build our reserves and pay our savers competitive dividends.

Credit union savings usually offer a dividend rate rather than an interest rate. This means that it depends how well the credit union perform that year.

Our members are encouraged to save for their future and in return they receive access to a range of financial services including affordable loans.

Value for money

You could save yourself a substantial amount of money by choosing a Smart Loan. Unlike the loans offered by many other lenders you will not be subject to any hidden charges and will benefit from built in life assurance on your savings and loans*. Credit Unions do not seek to profit from their members, any surplus is either reinvested in the credit union or returned to members in the form of a dividend. ( Interest is not paid on shares held )

Why join a credit union?

Membership of ‘Smart Money Cymru’ will provide you with access to a range of financial services including low cost loans and secure savings. Credit Unions exist to serve their members rather than profit from them, they can offer low interest loans, with flexible repayment rates and no hidden charges.

Be safe in the knowledge that by becoming a ‘Smart Money Cymru’ member you are supporting your local community and are joining a worldwide movement that puts people before profit.

*Terms and conditions apply

People Before Profit

"Unlike many other financial organisations, Credit Unions exist to serve their members and do not seek to make a profit out of them.

Smart Money Cymru provides straight forward, affordable financial services to people who live within our common bond area."

The above video was made to highlight the need for Credit Unions everywhere

The above video was made to highlight Credit Unions by Michael Sheen OBE